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Tron Inc. increased holdings above 701.5 million TRX, signaling continued treasury expansion within the ecosystem.
TRX advanced from $0.3267-$0.3310, supported by steady buying and a late-session breakout move.
Cross-chain demand remains active as Bridgers supports TRX swaps across 50+ blockchain networks.
TRX Accumulation drew market attention after Tron Inc. expanded holdings beyond 701.5 million TRX, while the asset recorded a short-term breakout that pushed prices above key resistance levels.
Treasury Expansion Draws Attention to TRON Ecosystem
Bridgers referenced growing activity surrounding the TRON ecosystem in a recent post. The platform noted that some participants are actively accumulating TRX. Market attention increased after reports of additional treasury purchases emerged.
According to the reported figures, Tron Inc. acquired another 153 million TRX. The purchase lifted total holdings above 701.5 million TRX. The transaction placed the company among the largest holders.
https://twitter.com/Bridgersxyz/status/2068938131844604126?s=20
Large treasury purchases often attract attention from market participants. Such activity is commonly associated with longer investment horizons. It also reflects confidence in ecosystem development plans.
The Bridgers post focused on participation rather than market direction. It stated that users can swap TRX across networks. The platform supports more than 600 tokens on 50 chains.
TRX Price Breakout Follows Extended Accumulation Phase
TRX as of the time of writing traded near $0.3267 during the session's opening hours. Early selling pressure pushed prices slightly lower. However, the decline failed to attract stronger downside momentum.
Buyers gradually entered the market around the support zone. The price hovered around $0.326 and $0.327 for hours. This behavior indicated steady demand at lower levels.
Market structure improved around midday trading activity. TRX moved above its consolidation range and advanced steadily. Higher highs and higher lows developed throughout the session.
The strongest move arrived during the final trading period. Price accelerated from approximately $0.3285 to above $0.331. The session ended near its peak after breaking resistance.
Cross-Chain Utility Supports Growing Network Activity
TRON remains one of the largest blockchain networks by usage. The network processes substantial stablecoin transfer activity daily. Low transaction costs continue attracting users across markets.
Growth in blockchain activity has increased demand for interoperability solutions. Users often do asset transfers across ecosystems. Cross-chain infrastructure has become more and more significant as a result.
Bridgers works in this growing market share. The platform offers asset swaps with hundreds of assets and TRX. It is compatible with multiple wallets such as MetaMask, TokenPocket, Trust Wallet, and imToken.
The focus of the current markets is on network participation and access to liquidity. The growth of the Treasury and the activity of the ecosystem is still the focus. Meanwhile, traders' eye is on whether TRX can hold above the levels of $0.329 and $0.330.
Source: coinmarketcap
As of the time this chart was created, TRX was trading around $0.331. Maintaining this breakout region could support further upside attempts. A loss of support may return attention toward the $0.328 area.
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Oobit now lets users send and receive USDT through Brazil’s PIX payment system and local banking channels.
The integration connects self-custody wallets with bank accounts, simplifying stablecoin payments and transfers.
Stablecoins accounted for 92% of Oobit transactions in Brazil, with USDT representing most payment volume.
Tether-backed crypto payments app Oobit has connected USDT with Brazil’s PIX payment system, allowing users to move stablecoins through local banking channels. The integration launched in Brazil in February 2026 and gives access to a network used by nearly 170 million people. Oobit said the service links self-custody wallets with bank accounts.
https://twitter.com/oobit/status/2069412624534499724?s=20
Oobit Connects USDT With Brazil’s Payment System
According to Oobit, users can convert Brazilian reais into USDT and send stablecoins through PIX. They can also transfer funds between self-custody wallets and bank accounts using payment networks including SEPA, ACH, SPEI, and Instapay.
PIX was created by Brazil’s central bank in November 2020. Since then, the instant payment system has registered about 178 million users. It covers roughly 91% of Brazilian adults.
Oobit entered Brazil around October 2025 with more than 50,000 pre-launch users. However, the PIX integration changed the app’s function by adding direct transfers between crypto wallets and Brazilian bank accounts.
During testing in Brazil, stablecoin payments represented 92% of Oobit transactions. USDT accounted for 86% of that transaction volume.
Stablecoin Payments Expand Through PIX
The company’s DePay feature also supports tap-to-pay transactions at more than 150 million Visa merchants worldwide. Users keep control of their assets through self-operated wallets during transactions.
Notably, Oobit’s PIX integration allows users to deposit reais, receive USDT, make payments through PIX keys or QR codes, and send money locally. The blockchain process works behind the scenes while users follow familiar payment steps.
Oobit advisor Alex Obchakevich said around 26 million Brazilians hold crypto, but only about 26% have used digital assets for payments.
Oobit Reports Growth After Brazil Launch
Meanwhile, Oobit said platform activity increased by 202% after its Brazil launch in October 2025. Users spend about $400 monthly on average, with grocery purchases making up around 35% of transactions.
The company raised $25 million in a Series A funding round in 2024. Tether and Solana co-founder Anatoly Yakovenko led the funding round.
Other companies, including Bitget Wallet, Bybit Pay, and KuCoin Pay, have also added PIX support. Additionally, Circle has worked with fintech partners such as Nubank to expand dollar-based digital money options in Latin America.
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Ripple secured preliminary CASP approval in Luxembourg, moving closer to operating under the EU’s MiCA framework.
The license would enable regulated cryptoasset services across all 30 European Economic Area countries.
Combined with its EMI license, Ripple aims to expand payments and digital asset infrastructure across Europe.
Ripple has received preliminary approval for a Crypto Asset Service Provider license in Luxembourg under the European Union's Markets in Crypto Assets regulation. The approval, issued by Luxembourg's Commission de Surveillance du Secteur Financier through a Green Light Letter, remains subject to final conditions. According to Ripple, the authorization would allow the company to expand regulated cryptoasset services across all 30 countries of the European Economic Area.
https://twitter.com/reece_merrick/status/2069439254187716943?s=20
Luxembourg Approval Advances MiCA Licensing Process
The preliminary approval comes from Luxembourg's financial regulator, the CSSF. Once finalized, the CASP license will allow Ripple to operate under the EU's MiCA framework.
According to Ripple, the authorization complements its existing Electronic Money Institution license in the European Union. Together, the two licenses would support a broader range of regulated digital asset services.
The company said banks, fintech firms, and corporates could access cryptoasset and stablecoin payment infrastructure through a single integration. That infrastructure includes collection, exchange, and payout services.
Combined Licenses Expand European Operations
As the licensing process moves forward, Ripple said the combined approvals would make its European operations fully MiCA-compliant.
Cassie Craddock, Managing Director for the UK and Europe at Ripple, said demand for digital asset infrastructure continues to grow across the region.
She noted that financial institutions increasingly explore blockchain-based services, including payments, settlement, collateral management, and tokenized assets.
Meanwhile, Matthew Osborne, Ripple's UK and Europe Head of Policy, thanked the CSSF for its approach during the review process. He said Luxembourg has become an important center for financial services regulation and digital asset oversight.
Existing Licenses Support Global Expansion
The latest development follows Ripple's regulatory approvals in other jurisdictions. In January 2026, the company received an Electronic Money Institution license and cryptoasset registration from the UK's Financial Conduct Authority.
According to Ripple, the company now holds more than 75 regulatory licenses worldwide.
Separately, Reece Merrick, Senior Executive Officer and Managing Director for the Middle East and Africa, said the approval paves the way for a broader rollout of Ripple Payments across the EEA.
Ripple Payments serves as the company's cross-border payments platform. According to Ripple, the network has processed more than $100 billion in transaction volume and currently operates in over 60 markets worldwide.
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Ethereum Foundation reduced its workforce by about 20%, with 54 employees leaving under a major reorganization.
The new structure centers on protocol, access, user, community, and institutional work clusters.
Departing employees will receive severance, transition support, and assistance finding roles within the ecosystem.
The Ethereum Foundation has completed a months-long reorganization that reshapes its structure and reduces its workforce by about 20%. According to the foundation, 54 employees will leave as part of changes tied to its Mandate and Treasury Management Policy. The organization said the overhaul aims to align staffing, spending, and operations with work it considers critical in the years ahead.
New Structure Centers On Five Core Areas
As part of the overhaul, the Ethereum Foundation created five primary work clusters. These include the protocol, access, user, community, and institutional layers.
In addition, the foundation established an operations cluster and a management-focused group. According to the announcement, each cluster carries separate responsibilities and performance goals.
The protocol layer focuses on Ethereum's core technology. Its work includes protocol upgrades, scaling efforts, privacy initiatives, security research, and transaction infrastructure.
Meanwhile, the access layer concentrates on how users interact with Ethereum. The foundation said the group will work on transactions, verification tools, delegation systems, and user control mechanisms.
User, Community And Institutional Teams Expand Focus
Beyond technical development, the user layer will study how individuals and organizations use Ethereum. The group will also handle educational materials, user research, and impact evaluation.
The community layer will manage the foundation's public engagement efforts. It will also maintain relationships with organizations focused on open-source software, privacy, cryptography, and civil liberties.
At the same time, the institutional layer will work with enterprises, governments, universities, nonprofits, and financial institutions. According to the foundation, that work includes standards, educational resources, policy engagement, and adoption frameworks.
Foundation Details Support For Departing Employees
Alongside the restructuring, 54 employees will leave the organization. The Ethereum Foundation described the decisions as difficult but necessary under its revised structure.
To support the transition, departing employees will receive severance packages. The foundation said payments will equal either one month's salary per year worked or local legal requirements.
In addition, the organization will provide transition assistance. That support includes help finding new opportunities within the Ethereum ecosystem and grants covering career-related expenses.
According to the foundation, many departing employees may continue contributing to Ethereum through other organizations in the ecosystem during the coming weeks.
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Cboe Predicts debuts binary contracts allowing traders to bet on whether the Mini-S&P 500 closes above set levels.
Interactive Brokers offers access now, while Charles Schwab plans to add support in the coming months.
Contracts clear through OCC and operate under existing U.S. options market regulations and oversight.
Cboe Global Markets has launched Cboe Predicts, a new prediction market platform featuring its first binary options products tied to the Mini-S&P 500 Index. The contracts, listed as XSPBW and XSPBX, are now available through Interactive Brokers and are expected to reach Charles Schwab clients in the coming months. According to Cboe, the launch expands access to outcome-based trading through regulated securities markets and centrally cleared contracts.
First Contracts Focus On Mini-S&P 500 Index
The initial products track the Mini-S&P 500 Index, known as XSP. Notably, XSP measures one-tenth the size of standard S&P 500 Index options. The contracts allow traders to take a direct position on where the index will close.
A "yes" position pays $100 if the index reaches or exceeds a specified level. Meanwhile, a "no" position pays $100 if the index settles below that level. Otherwise, the contracts settle at zero.
According to JJ Kinahan, Head of Retail Expansion and Alternative Investment Products at Cboe, customer demand helped drive the launch. He said interest in shorter-dated and outcome-based trading products continued to grow following the rise of SPX 0DTE options.
Brokers And Clearing Firms Join Rollout
As trading begins, Interactive Brokers has already made the contracts available to its clients. Additionally, Charles Schwab plans to introduce access in the coming months.
Milan Galik, Chief Executive Officer of Interactive Brokers, said the contracts offer another way for investors to express views on market outcomes.
James Kostulias, Head of Trading Services at Charles Schwab, also confirmed plans to support the products through the firm's platform.
The contracts clear through the Options Clearing Corporation. According to Mike Hansen, OCC will apply its existing clearing infrastructure and settlement processes to the new binary options.
Future Expansion Plans Already Underway
Beyond the initial launch, Cboe plans to introduce trading for XSP vertical spreads through its Quoted Spread Book framework. The company said the system aims to simplify access to defined-risk options strategies.
At the same time, Cboe has launched educational materials through a dedicated prediction markets hub and The Options Institute.
According to Rob Hocking, Global Head of Derivatives at Cboe, the contracts trade under the same regulatory and surveillance framework as U.S.-listed options. Consequently, the products operate within established securities market rules and oversight structures.
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Four law enforcement groups say Section 604 could create oversight gaps affecting digital asset investigations.
Concerns focus on exemptions that may reduce KYC, AML, and reporting requirements for some crypto entities.
Organizations seek stronger accountability measures while discussions on CLARITY Act provisions continue.
Four U.S. law enforcement organizations raised concerns on June 23, 2026, about Section 604 of the CLARITY Act in a letter to federal officials. The groups said the provision could create oversight gaps and affect investigations into illicit digital asset activity. They sent the letter to Acting Attorney General Todd Blanche and Patrick J. Witt.
https://twitter.com/EleanorTerrett/status/2069565822532526446?s=20
Law Enforcement Groups Raise Concerns
According to the letter, the organizations support a clear digital asset framework but want stronger accountability measures. The signatories included the National District Attorneys Association, National Association of Assistant United States Attorneys, International Association of Chiefs of Police, and National Sheriffs’ Association.
Nelson O. Bunn Jr., Kaycee Nail, David B. Rausch, and Justin Smith signed the letter on behalf of their organizations. Together, they represent more than 70,000 law enforcement professionals, prosecutors, investigators, and public safety officials.
However, the groups said their main concern remains Section 604, known as the Blockchain Regulatory Certainty Act. They argued that broad exemptions could limit oversight and create challenges for investigators tracking financial activity linked to crimes.
Concerns Over KYC And AML Rules
The letter stated that digital assets appear in investigations involving narcotics trafficking, fraud, child exploitation, ransomware, sanctions evasion, terrorism financing, and organized crime.
The organizations also raised concerns about other CLARITY Act provisions. They said the bill does not create safeguards similar to those used for traditional financial institutions.
Notably, the groups said some crypto participants, including mixers, tumblers, and certain decentralized finance businesses, could avoid some registration, know-your-customer, Bank Secrecy Act, and anti-money laundering requirements.
Discussions Continue Around Section 604
The letter followed weeks of meetings between law enforcement groups, the administration, Congress, and the crypto industry. Those discussions focused mainly on Section 604 and its role in the CLARITY Act.
The National Fraternal Order of Police and the National Association of Police Organizations, which also joined earlier discussions, did not sign the letter.
The organizations said they remain available to work with officials and stakeholders on the bill’s language while continuing to raise concerns about enforcement tools and reporting requirements.
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Chainlink helps convert Swift payment instructions into blockchain-based atomic settlements on the Pangea network.
Project Pangea targets near real-time EUR-KRW FX settlement, reducing processing times from two days to minutes.
Forty-seven banks managing over $10 trillion in assets support regulated stablecoin-based cross-border payments.
Chainlink has joined Project Pangea, a cross-border settlement initiative involving 47 European and South Korean banks managing more than $10 trillion in assets. According to the project details, the group aims to reduce EUR-KRW foreign exchange settlement times from two days to near real-time. The initiative combines regulated euro and Korean won stablecoins, banking standards, and blockchain infrastructure to support faster transaction finality.
Project Structure Brings Together European And Korean Banks
Project Pangea connects 37 European banks through Qivalis and more than 10 South Korean banks through UniKA. Together, the institutions focus on the Europe-South Korea trade corridor, which processes more than $150 billion in annual trade volume.
The project uses a dedicated blockchain known as the Pangea Layer 1 Network. Notably, the network supports regulated euro-pegged and Korean won-pegged stablecoins for settlement.
Chainlink participates alongside Qivalis and UniKA by providing middleware services. As a result, banks can convert traditional payment instructions into blockchain-based settlement transactions.
Atomic Settlement
At the core of the project is atomic payment-versus-payment settlement. Under this model, both sides of a foreign exchange transaction settle simultaneously.
If one side cannot complete the transaction, the entire exchange stops automatically. Consequently, neither participant faces the risk of completing only one side of the trade.
The project also integrates with Swift and follows ISO 20022 messaging standards. Therefore, participating banks can continue using existing payment workflows while accessing blockchain-based settlement rails.
According to the project details, European banks will initiate transactions through Swift. Chainlink technology then converts those instructions into on-chain atomic settlements executed on the Pangea network.
Live Transaction Target Set For The Next 12 Months
Project participants plan to begin compliant live transactions within the next 12 months. According to Chainlink Vice President for Asia-Pacific and the Middle East Niki Ariyasinghe, the group is working toward operational deployment during that period.
The initiative follows earlier work between Chainlink and Swift on interoperability projects. Meanwhile, Chainlink also partnered with the Global Alliance for KRW Stablecoins in January 2026.
Separately, Qivalis expanded from 12 member banks to 37 by May 2026. The group continues developing regulated euro-denominated stablecoin infrastructure as part of the broader Project Pangea framework.
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Bitcoin market sentiment continues to be bearish, with BTC price currently in a rising channel following the significant decline in June.
Liquidation spikes and elevated open interest point to continued volatility across major futures exchanges.
Weekly losses persist while derivatives activity shows strong institutional and retail participation.
Bitcoin market outlook remained cautious as recovery attempts stayed contained. Traders monitored technical resistance while derivatives activity pointed to continued volatility.
BTC Trades Inside Rising Channel Structure
Bitcoin continued moving inside a rising channel after June's sharp decline. Recovery attempts have remained confined within the pattern. Market structure still reflects a corrective phase.
A post shared by Alpha Crypto Signal addressed current price behavior. The account described the channel as a larger bear flag. Recent rebounds have not confirmed trend reversal conditions.
Source: X
The lower channel boundary continued supporting short-term price movements. Meanwhile, resistance limited advances near upper levels. Price repeatedly oscillated around the channel midpoint.
The current setup kept traders focused on resistance zones. Upper channel levels remained critical for directional confirmation. Failure there could renew downside pressure.
Derivatives Activity Signals Elevated Volatility
liquidation data showed repeated spikes across both market directions. Those events followed periods of excessive leverage accumulation. Price swings remained sensitive to position unwinds.
Bitcoin liquidations accelerated during early February and early June. Both long and short traders experienced forced exits. Such conditions reflected unstable sentiment across derivatives markets.
Open interest data showed CME leading with $8.58 billion. Binance followed with approximately $6.80 billion in exposure. Bybit ranked third with around $4.52 billion.
Volume distribution also pointed to strong participation levels. CME handled nearly $9.47 billion in activity. Binance maintained substantial trading volumes across futures markets.
Exchange Activity Reflects Mixed Sentiment
Trade count statistics showed Binance leading with 3.73 million trades. OKX followed with roughly 1.74 million transactions. Coinbase ranked behind with more moderate activity.
The derivatives market remained active despite recent weekly losses. Institutional capital continued flowing through CME contracts. Retail activity stayed concentrated on offshore exchanges.
According to Alpha Crypto Signal's post, rallies remained corrective. The account noted that the channel still favored downside risks. Resistance zones continued attracting market attention.
Bitcoin as of the time of writing, traded at $64,124.08 with $21.21 billion daily volume. The asset recorded a 0.36% daily increase. Weekly performance showed a 2.30% decline.
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Market Rebound Signals lifted U.S. futures while oil erased gains following developments involving Iranian assets.
Stock futures on the S&P 500, Nasdaq and Russell index rose back to risk assets after three weeks of trading.
Bitcoin rose by 2%, gold and silver rose as oil prices declined.
Market Rebound Signals emerged across global assets after easing oil concerns, with Bitcoin gaining 2% and U.S. equity futures recovering from overnight lows.
Equity Futures Reverse Lower Moves
A social media update from BullTheoryio reported improving sentiment across futures markets. Investors responded after comments surrounding Iranian assets emerged. The session saw a rise in risk appetite.
Source: X
S&P 500 futures bounced back from a previous slump. The benchmark has risen by about 0.55% from the low of the day. Buyers returned after heavy selling pressure eased.
Nasdaq futures also staged a notable rebound. Technology shares helped support the recovery. The index rose about 0.45% from its session lows.
The futures had the largest percentage gains, with Russell 2000 leading the way. Small Cap stocks were recovering by around 0.7% at their lows. The move suggested broader participation across equities.
Oil Loses Momentum After Supply Expectations Shift
The market update shared by Bull Theory focused on crude oil. WTI prices moved sharply lower during trading. Earlier gains disappeared as sentiment shifted.
Oil prices declined about 3% during the reversal. Traders reacted to progress involving Iranian assets. Expectations surrounding oil sanctions changed quickly.
Additional supply prospects altered market positioning. Concerns over tighter availability eased considerably. Sellers entered the energy market aggressively.
The chart showed WTI falling toward the $76 area. Previous gains near $78 faded rapidly. Oil surrendered its geopolitical premium during the session.
Bitcoin and Precious Metals Move Higher
Bull Theory noted stronger performances outside equities. Gold advanced roughly 2% during the move. Silver outperformed with gains approaching 4%.
Bitcoin also joined the broader recovery. The cryptocurrency climbed approximately 2% during trading. Buyers returned alongside improving market sentiment.
The simultaneous rise in metals and Bitcoin stood out. Investors allocated capital across multiple assets. Demand remained visible despite falling oil prices.
The tweet pointed to changing expectations across markets. Equity futures recovered while commodities diverged. Asset prices adjusted quickly after fresh developments emerged.
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Circle is bringing native USDC and EURC to Cronos with 1:1 redemption, full reserve backing, and MiCA compliance features.
CCTP integration will enable direct cross-chain USDC transfers on Cronos without third-party bridges.
Cronos plans to migrate from bridged USDC to native tokens, expanding use in DeFi, payments, and trading apps.
Circle announced that native USDC, EURC, and CCTP support will soon launch on Cronos, bringing stablecoin infrastructure to the Layer-1 blockchain. The integration will support payments, trading, DeFi, prediction markets, treasury management, and agent-based workflows. Circle and Cronos are working on the rollout, with testing already available for developers.
Circle Expands Stablecoin Access On Cronos
According to Circle, native USDC and EURC on Cronos will provide direct redemption at a 1:1 ratio for USD and EUR. The stablecoins will also offer full reserve backing and MiCA compliance features.
Cronos, a Crypto.com-developed EVM-compatible Layer-1 blockchain, supports applications across payments, AI-focused workflows, and DeFi trading. Notably, native USDC will serve as a dollar settlement option for the Cronos app.
The Cronos app allows users to access tokenized stocks, cryptocurrency trading, and prediction markets from one account. With native USDC, users will be able to deposit dollars and trade across these markets.
CCTP Brings Crosschain USDC Transfers
Circle said its Cross-Chain Transfer Protocol, known as CCTP, will allow users to move native USDC between supported blockchains. The process does not require third-party bridges for transfers.
However, CCTP access will focus on eligible institutional traders and teams. These users can access fiat onramps, offramps, deposits, withdrawals, and API connectivity for native USDC on Cronos.
Additionally, Circle said native USDC and EURC can support dollar and euro-based markets on Cronos. The assets can serve as collateral and settlement tools for DeFi applications and agent-to-agent transactions.
Cronos Prepares Migration From Bridged USDC
Cronos currently supports bridged USDC, known as USDC.e. According to Circle, the Cronos team plans to work with applications and protocols to migrate liquidity toward native USDC.
Meanwhile, existing bridged USDC will continue operating normally. Circle said USDC.e will remain labeled separately across block explorers, interfaces, and documentation.
Developers can now test fund flows on Cronos using free testnet USDC and EURC from Circle’s Faucet. Circle said more details about the integrations will be released as the launch date approaches.
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Franklin Templeton completed its acquisition of 250 Digital and launched Franklin Crypto for institutional digital asset investing.
The new division integrates 250 Digital's team and strategies under leadership from both firms' digital asset experts.
Franklin Crypto complements the firm's growing blockchain initiatives, including over $2.5 billion in tokenized treasury assets.
Franklin Templeton has completed its acquisition of crypto investment firm 250 Digital and officially launched Franklin Crypto, a new division focused on active digital asset management. The move brings the 250 Digital team and its cryptocurrency strategies into Franklin Templeton’s platform, expanding the firm's institutional digital asset operations as it continues building blockchain-based investment infrastructure.
https://twitter.com/coinbureau/status/2069118223275151857?s=20
Franklin Crypto Takes Shape
With the transaction now closed, Franklin Crypto becomes Franklin Templeton’s dedicated active digital asset management unit. According to the company, the division will provide actively managed cryptocurrency strategies for institutional investors.
Christopher Perkins, co-founder of 250 Digital, will lead the business as Head of Franklin Crypto. Meanwhile, Seth Ginns will serve as Chief Investment Officer alongside Franklin Templeton Digital Assets veteran Tony Pecore.
The leadership team will report to Sandy Kaul, Franklin Templeton’s Head of Innovation. Together, they will oversee the integration of 250 Digital’s investment capabilities into Franklin Templeton’s global platform.
Notably, 250 Digital emerged in January 2026 after separating from CoinFund. The acquisition, first announced in April, includes the firm's full investment team and liquid cryptocurrency strategies previously managed under CoinFund.
Deal Expands Institutional Crypto Strategy
As the integration moves forward, Franklin Templeton said it will invest in the acquired crypto strategies as part of the agreement. The firm described the transaction as part of its long-term commitment to digital asset infrastructure.
According to Franklin Templeton CEO Jenny Johnson, the acquisition strengthens the firm's investment capabilities in digital assets. The company stated that the deal adds dedicated active portfolio management expertise to its existing digital asset business.
Franklin Templeton currently manages about $1.78 trillion in assets across more than 35 countries. Before this acquisition, much of its digital asset activity focused on tokenization, research, and blockchain-based financial products.
Tokenized Assets Remain Part Of Expansion
Alongside the acquisition, Franklin Templeton highlighted its growing blockchain initiatives. The firm's tokenized treasury assets have risen to more than $2.5 billion this year.
The company also disclosed that part of the acquisition consideration involved BENJI tokens, which represent shares of the Franklin OnChain U.S. Government Money Fund.
According to Franklin Templeton, Franklin Crypto will combine active cryptocurrency investing with the firm's existing research, portfolio construction, institutional risk oversight, and global distribution network.
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Grand Cayman, Cayman Islands, June 23rd, 2026, Chainwire
Sui aims to transition more of Bitcoin’s $1.2T market cap into verifiable, productive onchain products.
Hashi, Sui’s native bitcoin finance primitive, gains more institutional support ahead of the scheduled launch of its global testnet this July.
Sui, where money moves as freely as messages, announced today that Cumberland, Fluid, and SwissBorg have joined the Hashi ecosystem, Sui’s native bitcoin finance primitive, weeks ahead of its scheduled global testnet launch this July. The expanding coalition addresses a critical bottleneck in crypto: solving the persistent capital inefficiency by unlocking over a trillion dollars of immobile BTC into DeFi safely.
Previous market cycles demonstrated the systemic dangers of relying on opaque, centralized credit intermediaries such as Celsius, Voyager, and Genesis to generate utility from dormant assets. Hashi replaces centralized balance-sheet trust with verifiable smart contract logic.
But with a strict separation for safety by design, Bitcoin remains securely on the native Bitcoin blockchain. Sui smart contracts handle the cryptographic and programmatic rights to enable its use as financial collateral.
“Hashi was built to unlock the productive use of Bitcoin at a scale the industry hasn't seen before,” Adeniyi Abiodun, Co-Founder and Chief Product Officer of Mysten Labs, the original contributor to Sui. “We believe Bitcoin will become one of the largest sources of collateral in finance as the world moves onchain, and Hashi provides the foundation to make that possible on Sui.”
Built for Institutional Bitcoin Finance
Hashi is a foundational primitive setting a new standard for how builders can create bespoke, Bitcoin-backed financial products with risk parameters and loan terms that are fully verifiable onchain. In just a few weeks’ time, institutions, custodians, wallet providers, and developers can begin freely testing the infrastructure that will support Bitcoin-backed lending, borrowing, and credit origination on Sui.
Expanded Institutional Support
Three new powerhouses join the growing Hashi ecosystem, broadening support for institutional liquidity providers, market makers, and digital asset platforms:
Cumberland: One of the digital asset industry's largest institutional market makers, Cumberland joins the Hashi ecosystem to evaluate the protocol’s structural frameworks and prepare for eventual onchain liquidity provisioning.
SwissBorg: A European wealth management app with over one million users, is exploring opportunities to connect its network of European high-net-worth Bitcoin holders and liquidity providers to Hashi, creating new pathways for Bitcoin-backed borrowing and lending.
Fluid: A major DeFi lending protocol with a strong record of efficient, safe trades, is now building in preparation for mainnet institutional services. Fluid's participation would provide institutional-grade lending markets and deepen access to Bitcoin-backed credit on Sui.
These new builders join an industry-leading group of infrastructure providers, custodians, and DeFi protocols already working together to build a native Bitcoin financial ecosystem on Sui.
“Bitcoin is the world’s most liquid digital asset, but without native utility, it remains an off-chain asset,” said Paul Kremsky, Global Head of Business Development at Cumberland. “Hashi is exciting because it introduces a transparent, institutional-grade framework for BTC-backed credit that will replace synthetic workarounds with a product we are excited to use ourselves.”
“Our community has consistently sought native ways to lend and borrow against their Bitcoin,” said Cyrus Fazel, Founder & CEO at SwissBorg. “We’re thrilled to see Hashi delivering innovative solutions that make this a reality.”
“The next phase of the industry's growth will come from bringing larger pools of capital onchain through infrastructure institutions can actually trust," said Samyak Jain, Co-Founder & CEO at Fluid. “Hashi gets this right: Bitcoin stays on its native chain while verifiable contracts make it productive as collateral. Fluid's lending infrastructure is built to turn that into deep, capital-efficient Bitcoin-backed credit markets on Sui.”
These additions expand the growing consensus of many partners announced earlier this year that Sui is where Bitcoin finance will take flight, thanks to Hashi:
Custody & Wallet Access
BitGo: Institutional custody clients.
Blockdaemon, Cobo, Fordefi (by Paxos): Institutional wallet and infrastructure providers.
Cubist: Cross-chain collateral infrastructure and transfer engine.
Ledger: Retail/institutional self-custody.
SwissBorg: UHNW European retail/institutional asset management and wallet interface.
Lending, Trading & Liquidity Providers
Bullish: Institutional digital asset platform supplying liquidity.
Cumberland: Leading institutional crypto market maker and liquidity provider.
Erebor: OCC-chartered bank providing liquidity.
FalconX: Institutional prime brokerage supplying liquidity.
DeFi & Lending Applications
AlphaLend, Bluefin, Current, Scallop, Suilend: Native DeFi protocols enabling retail lending and borrowing on day one.
Fluid: Connecting lending, borrowing, liquidity and more financial products into a capital-efficient system.
Navi: One of Sui’s largest and longest running DeFi protocols slated for Hashi lending.
Vaults & Asset Management
Concrete by Blueprint Finance: Yield-infrastructure vault platform.
Inveniam Capital: Real-World Asset (RWA) yield strategies.
Wave Digital Assets LLC: SEC-registered investment adviser working with industry partners to facilitate the issuance of Bitcoin-collateralized bonds.
Index Oracle, Insurance & Security Auditing
CF Benchmarks: Crypto index provider distributing pricing data via oracles.
Soter Insure: Native, Bitcoin-denominated institutional insurance.
Asymptotic, Certora, OtterSec: Smart contract security and formal verification auditors.
The activation of the global testnet this July represents the ultimate rehearsal for fully changing Bitcoin Finance. This sandbox environment is designed for institutional engineers, Sui protocols and developers, and custody partners to test integration parameters, stress-test the code under simulated market volatility, and verify cryptographic integrity ahead of mainnet release.
Technical documentation and testnet access configurations will be hosted at https://www.sui.io/hashi.
About Sui
Sui, where money moves as freely as messages, is a next-generation Layer 1 blockchain built for scalable finance and global payments. Founded by the core team behind Meta’s stablecoin initiative and powered by an object-centric model, Sui makes assets, permissions, and user data programmable and ownable. Sui’s primitives offer builders everything they need to create high-performance payments and financial applications, including instant agentic payments. Users can learn more at sui.io.
Contact: media@sui.io
ContactSui Foundation
media@sui.io
Disclaimer: Any information written in this press release does not constitute investment advice. Crypto Front News does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Crypto Front News is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release. For more details, visit our disclaimer page.
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Crypto PACs spent millions supporting candidates in key Maryland and New York primaries ahead of critical legislative debates.
Senate negotiations on the CLARITY Act continue, focusing on market structure, ethics provisions, and illicit finance rules.
Industry groups intensified lobbying efforts as lawmakers face a narrowing window before the July recess begins.
Crypto-backed political groups are ramping up spending in key U.S. primary races as lawmakers race to advance the CLARITY Act before Congress leaves Washington this week. On Tuesday, major Democratic primaries in Maryland and New York coincided with renewed lobbying efforts on Capitol Hill, where senators and industry advocates continued negotiations on digital asset legislation ahead of the July 4 recess.
Crypto PACs Increase Spending In Key Primaries
As legislative discussions continue, crypto political action committees have expanded their presence in congressional races. Protect Progress, an affiliate of Fairshake, has spent about $5.5 million supporting Maryland State Delegate Adrian Boafo in Maryland’s 5th Congressional District.
Boafo is seeking to replace retiring Congressman Steny Hoyer. Notably, he faces more than 20 Democratic candidates in the primary race. He has also secured endorsements from Hoyer, Maryland Governor Wes Moore, and Senator Angela Alsobrooks.
According to campaign statements, Boafo supports policies tied to blockchain and digital asset innovation. Meanwhile, prediction market data has placed him among the leading candidates in the contest.
Attention has also shifted to New York’s 15th Congressional District. There, Protect Progress allocated roughly $1.5 million to support Representative Ritchie Torres. Additionally, Fellowship PAC spent about $300,000 on advertisements backing Torres ahead of Tuesday’s primary.
Earlier in the election cycle, Fairshake spent approximately $12 million in Alabama’s Republican Senate primary runoff supporting Representative Barry Moore.
Senate Negotiations Continue On CLARITY Act
While primary races attract attention, lawmakers continue work on the CLARITY Act. Member meetings and staff-level negotiations remain focused on committee language, ethics provisions, and illicit finance measures.
According to Crypto In America, senators hope to resolve outstanding issues before Congress begins its two-week recess on Thursday. Discussions are expected to continue throughout the week.
At the same time, industry groups have increased their advocacy efforts. The Digital Chamber scheduled meetings between members and lawmakers to support passage of the legislation.
Lobbying Efforts Expand Ahead Of Recess
More than 50 Digital Chamber members planned meetings with Senate offices on Tuesday. The organization also arranged a separate tax-focused fly-in with House offices on Wednesday.
According to Digital Chamber CEO Cody Carbone, urgency has increased as the legislative calendar narrows. Carbone said the organization remains focused on advancing market structure legislation this year.
Meanwhile, gaming industry groups have lobbied senators to add provisions affecting prediction market platforms such as Kalshi and Polymarket. However, sources close to negotiations indicated those proposals currently face limited momentum as lawmakers prioritize other unresolved sections of the CLARITY Act.
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Zug, Switzerland, June 23rd, 2026, Chainwire
The Liechtenstein Financial Market Authority has granted Bitcoin Suisse (Europe) AG a license as a Crypto Asset Service Provider (CASP) under MiCAR. The European entity of Bitcoin Suisse can now serve clients across selected EEA markets, with Roman Przibylla appointed CEO to lead the expansion.
After more than a decade as Switzerland's crypto pioneer, the Bitcoin Suisse Group ("Bitcoin Suisse") is expanding across Europe. Its European entity, Bitcoin Suisse (Europe) AG, founded in 2018, has been granted a license as a Crypto Asset Service Provider (CASP) under MiCAR by the Liechtenstein Financial Market Authority (FMA), building on its long-standing registration under the Token and TT Service Provider Act (TVTG).
Across Europe, Bitcoin Suisse operates with a clear ambition: to be the first choice for high-net-worth individuals, corporates and institutional investors. This ambition is built on more than a decade of operational experience, proven across multiple market cycles in which the company’s business model has consistently demonstrated its resilience.
Its core services of trading, custody and staking rest on two pillars that clearly differentiate Bitcoin Suisse in the market: a robust, proprietary infrastructure and a unique service philosophy that provides every client with a dedicated relationship manager.
As a result, clients benefit not only from institutional-grade technology and regulatory clarity, but also from personal attention, deep expertise and continuity in the relationship. In a market that is often complex, fast-moving and fragmented, Bitcoin Suisse offers clients a trusted partner that combines technical strength with human accessibility.
“We are very proud of this milestone. The MiCAR authorization marks a decisive step on our journey towards a global brand and eventually becoming a global wealth management platform. Together with our presence in Switzerland and Bermuda, we now have the regulatory foundation to serve clients across some of the world’s most important financial centers,” says Andrej Majcen, Co-Founder and Group CEO, Bitcoin Suisse.
Roman Przibylla Appointed to Lead European Business
Roman Przibylla leads the European expansion as CEO of Bitcoin Suisse (Europe) AG. He brings more than 15 years of distribution experience from senior roles at Deutsche Bank, Commerzbank, HSBC, Vontobel and Maverix Securities.
“The MiCAR license gives Bitcoin Suisse access to one of the largest and most sophisticated investor markets in the world. We can now bring high-net-worth and institutional clients in Europe what they truly need: infrastructure at the highest level and, at the same time, direct, personal points of contact with genuine crypto expertise. That combination is not a given in this market,” says Roman Przibylla, CEO Bitcoin Suisse (Europe) AG.
About the Bitcoin Suisse Group
Bitcoin Suisse is a leading premium provider of crypto financial services for institutional clients, crypto foundations, family offices, asset managers and high-net-worth individuals. Headquartered in Zug and founded in 2013 by crypto natives, Bitcoin Suisse employs over 200 people across Switzerland, Liechtenstein, the United Arab Emirates and Bermuda. www.bitcoinsuisse.com
ContactLukas Mettler
Bitcoin Suisse
l.mettler@bitcoinsuisse.com
Disclaimer: Any information written in this press release does not constitute investment advice. Crypto Front News does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Crypto Front News is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release. For more details, visit our disclaimer page.
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The CFTC is seeking feedback on allowing standard energy futures contracts to trade continuously, 24 hours a day, 7 days a week.
Regulators are also evaluating perpetual commodity contracts that remain open indefinitely without expiration dates.
The review follows approval of Bitcoin perpetual futures and will assess risks tied to settlement, delivery, and market integrity.
The Commodity Futures Trading Commission has launched a public consultation on two major changes for U.S. energy derivatives markets. On June 22, CFTC Chairman Mike Selig announced a request for comment covering 24/7 trading for standard futures contracts and perpetual contracts tied to physically delivered or storable commodities, including crude oil. The agency will gather feedback over a 30-day period after publication in the Federal Register.
https://twitter.com/ChairmanSelig/status/2069160581064507406?s=20
Two Proposals Enter Public Review
According to the CFTC, the first proposal examines whether standard futures contracts should trade continuously without changing expiration dates or delivery terms. Notably, the review includes energy futures that currently operate within established trading schedules.
The second proposal focuses on perpetual contracts linked to physical commodities. Unlike traditional futures, perpetual contracts do not expire and instead remain open indefinitely.
Mike Selig said the Commission wants a clear and data-driven record before evaluating the impact of these developments. He added that the agency remains committed to innovation while preserving protections against manipulation and market disruption.
As the review moves forward, the CFTC will use submitted comments to better understand operational and market effects.
Physical Commodities Present New Challenges
While perpetual contracts are common in digital asset markets, energy commodities introduce different considerations. Crude oil involves storage costs, delivery obligations, transportation infrastructure, and physical settlement requirements.
Consequently, the CFTC is examining whether a structure widely used in crypto markets can function effectively in commodity markets. According to the National Law Review analysis cited in the source material, contracts that settle during non-peak market hours may face greater risks of price distortion.
That distinction has become increasingly important as regulators evaluate perpetual products beyond digital assets.
Bitcoin Model Shapes Current Discussion
The latest consultation follows the CFTC’s approval of Bitcoin perpetual futures contracts in May 2026. At the same time, the agency released guidance explaining how perpetual contracts should be reviewed.
However, the Commission has indicated that contracts tied to physical commodities require additional scrutiny under existing regulations. Therefore, exchanges seeking to list energy perpetuals would face a different review process than digital commodity products.
The comment period is expected to attract responses from exchanges, brokers, clearinghouses, commercial hedgers, energy traders, and crypto market participants. Meanwhile, the CFTC will assess whether continuous trading and perpetual structures can operate alongside existing delivery, settlement, margin, and surveillance requirements in energy markets.
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Ethereum Foundation introduced Ethlabs, Ethereum Application Guild, Ethereum Economic Zone, and Argot Collective as new ecosystem contributors.
Ethlabs aims to advance Ethereum as a global settlement layer through research, standards, infrastructure, and product development.
Argot Collective supports Solidity and developer tooling, while other groups focus on adoption, coordination, and real-world applications.
Ethereum Foundation has highlighted several new organizations joining efforts around Ethereum development and adoption. The announcement introduced Ethlabs, Ethereum Application Guild, Ethereum Economic Zone, and Argot Collective as groups supporting research, applications, infrastructure, and developer tools. According to the foundation, these organizations joined over the past year to strengthen Ethereum’s ecosystem.
New Organizations Join Ethereum Efforts
According to the Ethereum Foundation, Ethlabs recently launched as a non-profit R&D lab focused on Ethereum and ETH. The group said its mission involves making Ethereum the settlement layer for the global economy.
Ethlabs said it works with users, applications, wallets, L2 teams, infrastructure providers, institutions, ETH holders, core developers, and researchers. The organization plans to turn ecosystem needs into protocol work, shared standards, infrastructure, and products.
Notably, Ethlabs said it received support from Bitmine, Sharplink, Joseph Lubin, SNZ Holding, and more than 50 other participants across Ethereum. The group described its work as part of a broader network of Ethereum contributors.
Groups Focus On Applications And Infrastructure
The Ethereum Foundation also highlighted the Ethereum Application Guild, launched in April 2026. The global non-profit focuses on moving Ethereum applications toward real-world use, especially in emerging markets.
However, the foundation noted that the group works through local communities and organizers rather than a top-down approach. It said these regions have produced new builders and applications while receiving limited support from the wider ecosystem.
The foundation also mentioned Ethereum Economic Zone, launched in 2026. The initiative focuses on reducing fragmentation between Ethereum-compatible networks and improving ecosystem coordination.
Research And Developer Tools Remain A Focus
Ethereum Foundation included Argot Collective among the organizations supporting Ethereum’s infrastructure. Incorporated in 2025, Argot Collective maintains Solidity and open-source compiler tools used across the ecosystem.
The collective also supports research into programming languages and developer tools. Since its formation, Argot has released updates, maintained compiler infrastructure, and supported tooling research.
Meanwhile, the Ethereum Foundation said stewardship of Ethereum should involve multiple organizations committed to building infrastructure for self-sovereignty. It said more contributors are expected to join the ecosystem over time.
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TAO trades above a key demand zone as buyers continue defending higher lows near triangle support.
Rising volume and stable price action keep attention on resistance levels around $242 and $249.
AI sector momentum returns, placing focus on TAO's developing breakout structure and targets ahead.
TAO outlook remains closely watched as traders assess a tightening chart structure. Price stability near support and renewed interest in artificial intelligence tokens have increased attention on potential short-term market direction.
Compression Pattern Keeps Traders Focused
Crypto market participants are monitoring TAO as volatility contracts. The asset continues trading within converging trendlines on the four-hour timeframe. Price action reflects a period of consolidation after June's strong advance.
A recent market update from Crypto Candy pointed to improving conditions. The analyst noted that AI-related momentum appears to be returning. As a result, TAO has attracted renewed trader attention.
Source: X
The chart shows lower highs forming beneath descending resistance. At the same time, higher lows continue developing above rising support. This structure has created a symmetrical compression pattern.
Such formations often precede stronger directional movement. However, confirmation remains dependent on a breakout. Until then, buyers and sellers remain in relative balance.
Support Zone Remains Central to Market Structure
The support region between $227 and $233 continues attracting attention. Buyers have repeatedly defended this area during recent pullbacks. This behavior has prevented deeper downside pressure from developing.
Source: Coinmarketcap
TAO was recently trading around $236.23 during the observed session. The token posted a 1.84% daily gain. Price remained comfortably above the key support cluster.
Earlier trading activity briefly pushed the market toward $227. Bears attempted to extend losses during that period. However, buying activity quickly stabilized the decline.
The subsequent recovery produced a constructive intraday structure. Price reclaimed the $233-$234 area during the rebound. That zone now serves as an important near-term support level.
Volume Growth Supports Breakout Watch
Trading volume increased substantially during the latest session. Daily volume reached approximately $389 million. The increase reflected stronger participation from market participants.
A sharp rally later pushed TAO toward the $242 region. The move represented one of the strongest intraday advances. Buyers maintained control throughout the acceleration phase.
Following the surge, price entered a consolidation range. TAO traded largely between $234 and $238 afterward. Markets often view such behavior as a sign of retained strength.
Resistance remains concentrated near $242 and $249. A successful break above those levels could shift attention higher. Market participants are also monitoring the previous swing high near $290.
The broader technical structure remains intact for now. Traders continue watching the ascending support trendline closely. The next decisive move may determine TAO's short-term direction as AI sector interest improves.
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New nonprofit research and development lab brings together a group of senior technical contributors from the Ethereum Foundation to ready the network for step-function wave of adoption from institutions, agentic finance and DeFi
Ethlabs to reinforce foundational commitments to credible neutrality, censorship resistance and security
NEW YORK, June 23, 2026 /PRNewswire/ -- A coordinated group of Ethereum ecosystem stewards today announced the launch of Ethlabs, an independent, nonprofit research and development organization formed to ready Ethereum for the next phase of institutional adoption. The funding effort is led by Bitmine Immersion Technologies, Inc. (NYSE: BMNR), Sharplink, Inc. (NASDAQ: SBET), Ethereum co-founder Joe Lubin and other key Ethereum ecosystem contributors including Anchorage, Octant and SNZ.
As stablecoins, tokenized real-world assets, funds and autonomous AI commerce move onchain, they are converging on Ethereum as the neutral, credibly permissionless settlement layer for the global economy. Ethlabs exists to ensure the network is ready to absorb that demand at scale, advancing a faster Ethereum with trustworthy interoperability, so institutions building on Ethereum can do so with the neutrality, resilience, privacy and security they require.
Cofounded by five former senior Ethereum Foundation researchers: Ansgar Dietrichs, Barnabé Monnot, Caspar Schwarz-Schilling, Josh Rudolf and Julian Ma, Ethlabs brings together researchers responsible for key contributions to finality, scaling, data availability, the virtual machine and protocol economics — the technologists who have guided the network through its most consequential upgrades over the past decade. This initiative gives that work a dedicated institutional home with stable, long-term funding.
The launch reflects a natural evolution of the Ethereum ecosystem. As the Ethereum Foundation refocuses on its core mandate and embraces a multi-node future, Ethlabs emerges as one of several independent organizations advancing the network in parallel. Ethlabs' early work will center on what institutions need to move onchain at scale: faster settlement, native issuance and cross-chain movement on robust infrastructure, capacity on mainnet and research that grounds ETH's monetary properties.
Thomas "Tom" Lee, Chairman of Bitmine. "We believe Ethereum is positioned to grow significantly in adoption by institutions and by AI agents. And naturally, the ecosystem needs to dramatically expand its investment in talent and research to support this growth. The formation of Ethlabs demonstrates that key stakeholders are stepping up to help ensure Ethereum remains a leading platform for decentralized finance. We believe positive momentum is building in the digital asset ecosystem, and initiatives like this strengthen the foundation of the ecosystem as the community works together to advance Ethereum's next chapter. As a significant institutional participant in the Ethereum ecosystem, Bitmine is excited to help serve as a steward of Ethereum's long-term growth and support the dedicated builders, researchers and innovators who are helping shape its future."
Joseph Chalom, Chief Executive Officer of Sharplink. "We are at the beginning of an institutional supercycle on Ethereum, and the researchers behind this organization are the people who will make the network ready to carry it. They have quietly shaped Ethereum for the better part of a decade, and giving their work a stable, independent home is one of the most meaningful contributions we can make to the ecosystem. We hold ETH because we believe in what this network is becoming, and supporting the people advancing it at the protocol level is the clearest way we know to back that conviction. This is what responsible stewardship looks like: using our position to drive the next wave of institutional adoption and to strengthen the foundation the entire onchain economy will be built on. Sharplink is proud to help bring Ethlabs to life, alongside our ecosystem partners."
Joe Lubin, Ethereum co-founder and founder and Chief Executive Officer of Consensys. "Ethereum is entering its next stage of evolution. We are now poised to recognize and implement the idea that there should be a number of steward nodes of Ethereum, each configured in their unique way to evolve and protect what is sacred about the network and massively grow the world's appreciation and utilization of it. With support from the Sharplink, Bitmine and many others, Ethlabs is the latest group of EF origin that is externalizing to become a major node of the network of "Responsible Institutions and Stewards of Ethereum". By providing a long-term, independent home to researchers and developers advancing Ethereum's core technology and values, Ethlabs will be instrumental in preparing the network for the next major wave of adoption, from institutional finance to agentic commerce, with the scale, security, interoperability and resilience that global institutions require. Today and going forward the Ethereum ecosystem will be further decentralized, enormously stronger with each steward more focused and empowered."
Ansgar Dietrichs, Executive Director of Ethlabs. "Ethereum is at a pivotal moment. A decade of uninterrupted operation and a track record of credible neutrality have earned it the trust of users and institutions around the world. As blockchain systems move rapidly into mainstream use, the coming years will define the shape of the onchain economy for decades. Ethereum is uniquely positioned to become the shared base layer of that economy, the neutral foundation the broader onchain ecosystem is built on, where users, institutions, and agents can transact and interoperate without intermediation. Ethlabs was created to help Ethereum realize that potential. As longtime contributors to the core protocol, we are establishing an independent non-profit organization to advance Ethereum's core technology and the shared standards and infrastructure builders depend on, and we are excited to carry forward that work at the moment it matters most."
The funding effort has been organized to preserve Ethlabs independence at every level. Contributions flow through an independent grants administrator that handles screening, valuation and disbursement. Funders provide accountability through transparent quarterly reporting and an independent annual audit, rather than influence over the research agenda. Final decisions on research priorities and technical direction will rest with Ethlabs leadership.
About Bitmine
Bitmine (NYSE: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of "the alchemy of 5%," the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company launched MAVAN (Made-in America Validator Network), a dedicated staking infrastructure for Bitmine assets, in 2026.
About Sharplink
Sharplink (NASDAQ: SBET) is a leading institutional-grade Ethereum treasury platform designed to give public market investors smarter, more productive exposure to ETH. Ethereum underpins the majority of global stablecoin, tokenized real-world assets and decentralized finance settlement, making ETH a unique native yield generation and long-term network growth opportunity. Sharplink was founded in 2019 and is headquartered in Miami, Florida. Learn more at www.sharplink.com.
About Ethlabs
Ethlabs is an independent, nonprofit research and development lab and ecosystem steward focused on the next era of growth for Ethereum and ETH. It exists to turn Ethereum's unique properties into infrastructure, standards, and outcomes that users, builders, institutions, and asset issuers can rely on. All of its research is published openly. Learn more at ethlabs.org.
Forward-Looking Statement
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding anticipated institutional interest in Ethereum, research focus and technical roadmaps, governance arrangements, grants administration and oversight mechanisms, and treasury and digital-asset strategies. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially, including market conditions for digital assets, regulatory changes, protocol-level developments or setbacks, the timing and success of research efforts, funding availability, and general economic conditions. Additional risk factors are described in Sharplink's and Bitmine's SEC filings at www.sec.gov. Forward-looking statements speak only as of the date of this release, are not guarantees, and neither Sharplink nor Bitmine undertakes any obligation to update them except as required by law. This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security or digital asset.
Disclaimer: Any information written in this press release does not constitute investment advice. Crypto Front News does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Crypto Front News is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release. For more details, visit our disclaimer page.
The post Ethlabs, Founded by Former Ethereum Foundation Contributors and Funded by Bitmine, Sharplink and Joe Lubin, Launches to Accelerate Ethereum’s Institutional Supercycle appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Long-term holders accumulated 125,000 BTC this month, marking the largest wallet expansion of the cycle.
Bitcoin liquidations surged following six-figure price levels, which saw more leveraged positions.
Supply continues tightening as long-term wallets absorb coins despite market volatility.
Bitcoin accumulation keeps picking up in this month, as long-term holders have absorbed 125,000 BTC, while high liquidation activity indicates that the market continues to unwind leverage in a time of mixed sentiment.
Long-Term Holders Expand Their Bitcoin Positions
A recent market update pointed to substantial wallet growth. The data showed 125,000 BTC entering long-term holder addresses. That marked the largest accumulation phase of this cycle.
https://twitter.com/CryptoPatel/status/2068219546411155751?s=20
The reported movement occurred during a cautious market environment. Investor attention remained focused on volatility and capital outflows. However, on-chain activity presented a different picture.
Long-term holders typically maintain positions through multiple market phases. Their behavior often differs from short-term speculative traders. As a result, supply gradually becomes less liquid.
The latest accumulation event removed significant Bitcoin from circulation. Those coins became less available for immediate selling activity. Consequently, available market supply continued tightening.
Supply Trends Contrast With Market Sentiment
A social media post noted the scale of recent accumulation. The update described it as the cycle's largest holder expansion. Market observers quickly focused on the supply implications.
Recent sentiment remained influenced by uncertainty and price weakness. Many participants monitored corrections and institutional positioning. Meanwhile, long-term wallets continued adding exposure.
Historical market cycles displayed similar accumulation behavior. Large holders often increased positions during uncertain conditions. Such periods frequently occurred before stronger market participation emerged.
This trend suggests different investor groups remain active. Short-term traders flock to the markets when price moves, responding to real-time price changes. Long term investors tend to be in the picture for long-term market cycles.
Liquidation Activity Reshapes Market Structure
The market data was monitored for Bitcoin long liquidations on exchanges. This chart applied to activity between 2023 and 2026. It showed liquidation spikes accompanying major corrections.
Long liquidations occur when leveraged bullish positions are forced closed. These events increase selling pressure during sharp declines. Consequently, volatility often accelerates during liquidation cascades.
Bitcoin's advance toward six-figure prices attracted additional leverage. Liquidation activity remained moderate during much of the rally. Conditions changed as prices approached cycle highs.
Several liquidation spikes exceeded 5,000 BTC during corrections. Some events approached levels above 10,000 BTC. Those episodes reflected aggressive leverage unwinding across exchanges.
Despite liquidation pressure, accumulation trends continued strengthening. Bitcoin as of the time of writing, trades near the mid-$60,000 range following corrections. Long-term holder activity suggests supply remains increasingly concentrated.
The combination of rising wallet accumulation and ongoing deleveraging remains notable. Long-term investors continue absorbing available supply from the market. At the same time, liquidation events are reducing speculative positioning across exchanges.
The post Bitcoin Accumulation Surges Despite Liquidation Pressure appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Chainlink partnered with major banks to test tokenized finance, including J.P. Morgan’s Kinexys and Ondo Finance cross-chain settlement trials.
ANZ Bank used Chainlink CCIP to complete cross-border stablecoin settlement involving tokenized asset purchases.
SBI Group and other institutions adopted Chainlink infrastructure for tokenized assets, payments, and reserve verification systems.
Chainlink has announced several partnerships with major financial institutions as banks explore blockchain-based finance systems. The company worked with J.P. Morgan’s Kinexys, Ondo Finance, ANZ Bank, SBI Group, and others on tokenized assets, payments, and cross-chain settlement solutions. The projects focused on connecting traditional financial systems with blockchain networks.
Banks Test Tokenized Finance Solutions
According to Chainlink, Kinexys by J.P. Morgan and Ondo Finance completed a cross-chain Delivery versus Payment transaction. The test connected Kinexys Digital Payments’ permissioned blockchain with Ondo Chain’s testnet.
The transaction exchanged Ondo Chain’s Short-Term U.S. Government Treasuries Fund, known as OUSG, as the asset leg. Kinexys Digital Payments handled the payment leg. Chainlink Runtime Environment coordinated the settlement process.
The system connected both networks while supporting security, compliance, and scalability requirements. Similarly, ANZ Bank demonstrated a cross-chain settlement process using Chainlink’s Cross-Chain Interoperability Protocol.
The bank issued Australian dollar and New Zealand dollar-backed stablecoins. Through CCIP, ANZ completed a cross-border and cross-currency purchase of a tokenized asset using its stablecoins.
The developments continued with Japan’s SBI Digital Markets, which adopted Chainlink as its infrastructure solution. SBIDM, the digital asset division of SBI Group, integrated CCIP for transferring tokenized assets across public and private blockchains.
Institutional Partnerships Expand Across Regions
Notably, SBI Digital Markets also uses Chainlink CCIP Private Transactions. The feature protects private information, including transaction amounts and counterparty details. According to Chainlink, SBIDM is developing a digital asset platform covering issuance, purchases, settlement, and secondary trading of tokenized assets.
Meanwhile, SBI Group and Chainlink announced a strategic partnership focused on digital asset adoption in Japan and the Asia-Pacific region. The partnership includes tokenized real-world assets, net asset value data, payment versus payment transactions, and stablecoin reserve verification.
The companies plan to use Chainlink CCIP and Chainlink SmartData for these financial applications.
Digital Asset Projects Add New Use Cases
Emirates NBD also welcomed Chainlink into its Digital Asset Lab following a memorandum of understanding at Abu Dhabi Finance Week. The lab includes members such as PwC, Fireblocks, R3, and Chainalysis.
Additionally, Wenia, the digital asset company from Bancolombia Group, uses Chainlink Proof of Reserve for its COPW stablecoin. The system provides verification of Colombian peso reserves backing the stablecoin.
Chainlink said Proof of Reserve connects directly with COPW’s minting process to help prevent issuance without sufficient reserves.
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